
Merchantrade Asia is a leading financial services provider in the region. They offer a wide range of services to individuals and businesses.
Their company profile highlights their commitment to innovation and customer satisfaction. Merchantrade Asia has been in operation since 2003.
Merchantrade Asia's services include remittance, bill payment, and mobile payment solutions.
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Leadership
Merchantrade Asia has a strong leadership team, with Ramasamy Veeran serving as the CEO. He is the driving force behind the company's vision and strategy.
With a clear direction from the top, Merchantrade Asia is able to navigate the complex financial landscape with ease. Ramasamy Veeran's leadership has been instrumental in shaping the company's success.
Where Is Based?
Merchantrade Asia is based in Petaling Jaya, Selangor. This tells us that they have a physical presence in this location, which is likely where their headquarters or main office is located.
CEO Identity
The CEO Identity of a company plays a crucial role in shaping its vision and direction. Ramasamy Veeran is the CEO of Merchantrade Asia.
A strong leader like Ramasamy Veeran can bring stability and growth to an organization. Merchantrade Asia is lucky to have him at the helm.
Merchantrade Asia's CEO, Ramasamy Veeran, is responsible for making key decisions that impact the company's operations and strategy.
Partnerships
The Merchantrade Asia partnership with HR2eazy is a game-changer for businesses and foreign workers alike. This digital payments and micro-insurance partnership allows foreign workers to open an eWallet account with Merchantrade at a discounted rate.
HR2eazy's clients can now enjoy HR and Payroll solutions at a discounted rate, making it a valuable addition to their original package. Merchantrade's clients can also benefit from HR2eazy's HR and Payroll solutions, streamlining their daily business operations.
By partnering with Merchantrade, HR2eazy clients can purchase insurance for their foreign workers at an affordable rate, benefiting both their staff and the organization. This is a significant advantage for businesses looking to provide their employees with essential benefits.
Foreign workers can open an eWallet account with Merchantrade through HR2eazy, giving them a convenient and affordable way to manage their finances. Merchantrade's clients can also take advantage of this partnership to provide their employees with a secure and reliable payment system.
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Services and Features
Merchantrade Asia offers a range of services and features that make it a convenient and efficient option for individuals and businesses alike.
One of its innovative services is digital salary disbursements using its Merchantrade Money mobile app, which allows staff salaries to be disbursed electronically via a secure portal directly into their eWallets.
More than 800 companies have already taken advantage of this payroll service, disbursing up to RM250 million in salaries.
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Simplify Payments with Better FX Rates
Having access to better foreign exchange rates can make a significant difference in the cost of international payments.
According to the article, companies that use a payment platform can save up to 90% on transaction fees compared to traditional banks.
With better FX rates, businesses can reduce the administrative burden of managing multiple currency accounts and exchange rates.
The article highlights that a payment platform can provide a single, unified view of all currency accounts and exchange rates, making it easier to manage international payments.
This can result in significant cost savings and improved cash flow for businesses.
By streamlining international payments, companies can focus on what matters most - growing their business and serving their customers.
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Digital Salary Payouts

Digital salary payouts have become a game-changer for companies and employees alike. More than 800 companies have already made the switch, disbursing up to RM250 million in salaries using Merchantrade's payroll services.
With Merchantrade Money, digital payment services are now available online or in-store with its Visa Prepaid Card. This means no more cash handling or cheque printing for companies.
Using the eWallet eliminates the need for foreign workers to use illegal remittance services. This not only saves them money but also avoids unnecessary questions from financial authorities and human rights bodies.
Full transparency and accountability are ensured when using eWallets for wage payments, as transfers are tracked in the app. This provides a clear audit trail for companies.
Zero transaction fee applies to 24-hour salary disbursements to workers' eWallet accounts. This is a huge cost savings for companies, making digital salary payouts an attractive option.
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Smarter Financial Protection
Smarter Financial Protection is a crucial aspect of managing your finances effectively. With the Merchantrade Money app, you can enjoy a range of insurance services that cater to different needs.
One notable feature is the Insurance option, which offers micro-insurance products underwritten by MCIS Life. This is a great way to provide financial protection without breaking the bank.
The Merchantrade Insure Foreign Worker Insurance plan (SPIKPA) is a special product that targets lower-income and foreign worker customer segments. It includes Foreign Workers Hospitalization & Surgical Insurance (FWHS), Foreign Workers Insurance Guarantee (FWIG), and Merchantrade Insure Xtra.
These insurance plans can provide peace of mind and financial security in times of need. By having the right insurance coverage, you can focus on your goals and aspirations without worrying about unexpected expenses.
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Employees
Merchantrade Asia has a relatively small team of 417 people, which is a testament to their focus on efficiency and streamlined operations.
This number suggests that the company values a lean and agile approach to business, which can be beneficial in today's fast-paced market.
With a team of this size, Merchantrade Asia is likely able to move quickly and make decisions without getting bogged down in bureaucracy.
How Many People Are Employed?

Merchantrade Asia employs 417 people.
The number of employees at Merchantrade Asia is a significant aspect of its operations.
417 people are employed at Merchantrade Asia, which is a substantial workforce.
Merchantrade Asia's employment numbers highlight its impact on the local job market.
417 people rely on Merchantrade Asia for their livelihood, making it a vital part of the community.
Top Employees
Top employees are the backbone of any successful organization, and they often share certain characteristics that set them apart from their peers. They are highly motivated and driven individuals who consistently deliver high-quality work.
Research has shown that top employees tend to have a strong sense of purpose and meaning in their work, which drives their motivation and engagement. This sense of purpose can come from a variety of sources, including a desire to make a positive impact on their organization or community.
Effective communication is another key trait of top employees. They are able to clearly articulate their ideas and goals, and they are also skilled listeners who can understand and respond to the needs of others. This helps to build strong relationships and foster a positive team culture.
Top employees are also highly adaptable and resilient, able to navigate change and uncertainty with ease. They are flexible and open to new ideas and perspectives, and they are willing to learn and grow from their experiences.
In terms of skills, top employees tend to have a strong foundation in their field, with expertise that is highly valued by their organization. They are also skilled problem-solvers, able to analyze complex issues and develop creative solutions.
Overall, top employees are the ones who consistently deliver high-quality results, exceed expectations, and drive their organization forward. They are the leaders and innovators who help to shape the future of their organization and make a lasting impact.
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